SFC Energy AG: SFC Energy AG issues secured fixed rate bond and option bond with Harbert European Growth Capital Fund

SFC Energy AG / Key word(s): Corporate Action

04-Aug-2017 / 01:35 CET/CEST
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SFC Energy AG - Ad-hoc - ISIN DE0007568578

SFC Energy AG issues secured fixed rate bond and option bond with Harbert European Growth Capital Fund

Brunnthal/Munich, August 4, 2017 - The Management Board of SFC Energy AG
(the Company) yesterday, with approval of its Supervisory Board from the same day, agreed on a financing concept with Harbert European Growth Capital Fund comprising the issuance of a secured fixed rate bond (Schuldverschreibung) with a nominal amount of EUR 4,997,500.00, the provision of collateral and the issuance of an option bond.

The secured fixed rate bond has a nominal amount of EUR 4,997,500.00 and shall amortize on a straight line basis with a final maturity date of December 31, 2018. The option bond was issued to Harbert on the basis of the resolution of the ordinary general meeting of the Company of June 14, 2016, by way of private placement under exclusion of the shareholders' subscription rights.

The option bond has a nominal amount of EUR 2,500.00, a term until 2022 and shall bear interest on their principal amount at the rate of 4.0% per annum. The issue price was set at 100% of the nominal value. The option bond has attached to it option rights granting the right to acquire 204.700 no-par-value bearer shares of the Company each with a notional amount of EUR 1.00 in the share capital at an option price of EUR 3,6639.

The Company has received gross proceeds in the amount of EUR 5.0 million. The cash inflow from the capital measure is intended to be used for the repayment of loans, to further strengthen the liquidity base and the international roll out of the business.

SFC Energy AG
Investor Relations:
SFC Energy AG
Eugen-Sänger-Ring 7
D-85649 Brunnthal
Tel. +49 89 673 592-378
Fax. +49 89 673 592-169
Email: [email protected]

CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Tel. +49 89 89827227
Email: [email protected]

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